roche cutting jobs

Pharmaceutical Giant Roche Cutting 4,800 Jobs

Swiss pharmaceutical giant Roche (RHHBY) said Wednesday it is slashing 6% of its workforce, or 4,800 jobs, many of them in the U.S. This is part of the drugmaker's plan to get a handle on costs, which comes in response to recent drug setbacks and as the sector feels the effect of global healthcare cost cutting.